SUBJECT-11475.dossier · company · status: archived
TH
subject of file

Tremont Group Holdings

Second-largest BLMIS feeder organization; subsidiary of MassMutual
Tracked because Major institutional feeder; ownership by MassMutual creates a documented insurance-industry exposure to the Madoff fraud.
Editorial summary · AI-drafted from public records

Rye, New York–based hedge fund of funds. From 1994 a wholly owned subsidiary of MassMutual (Massachusetts Mutual Life Insurance Company). Its Rye Select / Tremont feeder funds were the second-largest single-organization BLMIS feeder, with approximately $3.3 billion of customer money lost in the December 2008 collapse.

Facts on record4
Connections mapped12
Sources cited12
✦ Thin coverage gap +32 connected to 12 entities · only 4 facts on record · flagged for follow-up research
Evidence: 4S
Network web → Timeline → Compare with… → Position Drift → Coverage tone → View on Graph → View Card → Export CSV JSON Dossier ← Entity Directory
Stated vs Revealed
No documented contradictions on file.
Connection Map
Key Connections
← Bernie Madoff person
feeder_fund_operator
Tremont Group Holdings, through its Rye Select funds, invested over $3 billion with Madoff and was a major feeder fund.
← Rye Select Broad Market XL Portfolio Limited company
feeder fund operator
Rye Select Broad Market XL Portfolio Limited was a Cayman Islands–domiciled leveraged BLMIS feeder fund operated within the Tremont/Rye fund complex.
← Rye Select Broad Market Portfolio Limited company
part_of
Cayman Islands–domiciled BLMIS feeder fund organized within the Tremont/Rye fund complex.
Facts (4)
Data Freshness
Ageing Last update: 160d ago · Avg age: 1269d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
✓ Verified Findings (4)
Independently re-checked: a second model read the source artifact and confirmed it supports the extracted claim.
✓ verified Partially Corroborated Wholly owned subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual) following MassMutual's 2001 acquisition of the firm.
Date: 2001-01-01 Added: 21 Apr 2026 ↗ SOURCE: Tremont Group Holdings — Wikipedia
✓ verified Partially Corroborated Customer assets at the time of the December 2008 BLMIS collapse: approximately $3.3 billion across the Rye Select and Tremont feeder vehicles — the second-largest single-organization BLMIS exposure.
✓ verified Partially Corroborated On July 28, 2011 Tremont funds and affiliates agreed to a $1.025 billion settlement with the BLMIS SIPA Trustee Irving Picard — at the time the second-largest single recovery in the BLMIS liquidation.
Date: 2011-07-28 Added: 21 Apr 2026 ↗ SOURCE: Tremont Group Holdings — Wikipedia
✓ verified Partially Corroborated Rye, New York–based hedge fund of funds; sponsor of the Rye Select and Tremont feeder vehicles into BLMIS.
All Connections (12)
→ Sandra Manzke person
founder, founder_principal secondary since 1985-01-01
Sandra Manzke co-founded Tremont Partners in 1985 — the predecessor firm to Tremont Capital Management and Tremont Group Holdings — and introduced the firm to Bernard L. Madoff in the 1980s.
→ Robert I. Schulman person
corporate_officer secondary
Robert I. Schulman served as chief executive officer of Tremont Group Holdings at the time of the December 2008 BLMIS collapse.
peer exposure secondary since 2008
As the second-largest single-organization BLMIS exposure at $3.3 billion, Tremont Group Holdings was one of the two largest known feeder fund groups into BLMIS alongside Fairfield Greenwich Group.
subsidiary, parent_subsidiary secondary
Tremont Capital Management is the U.S. operating subsidiary of Tremont Group Holdings; together they constituted the second-largest BLMIS feeder organization at the December 2008 collapse.
subsidiary, parent_subsidiary secondary since 2001-01-01
MassMutual acquired Tremont Group Holdings as a wholly owned subsidiary in 2001, making MassMutual the ultimate parent of one of the largest BLMIS feeder organizations at the time of the December 2008 collapse.
feeder_fund secondary
Tremont's Rye Select and Tremont feeder vehicles held approximately $3.3 billion of customer money in BLMIS at the December 2008 collapse — the second-largest single-organization feeder exposure.
← Irving H. Picard person
settlement secondary since 2011-07-28
Tremont funds and affiliates agreed a $1.025 billion settlement with the BLMIS SIPA Trustee Irving Picard on July 28, 2011 — at the time the second-largest single recovery in the BLMIS liquidation.
← Bernie Madoff person
feeder_fund_operator primary since 2008
Tremont Group Holdings, through its Rye Select funds, invested over $3 billion with Madoff and was a major feeder fund.
← Frank DiPascali person
feeder fund inferential since 2009
Tremont was a feeder fund; DiPascali's fabricated annual returns of 10-17% attracted such funds.
← Mark Madoff person
affiliation secondary since 2008
Tremont Group Holdings was a feeder fund that invested in BLMIS during Mark Madoff's tenure.
part_of primary since Unknown
Cayman Islands–domiciled BLMIS feeder fund organized within the Tremont/Rye fund complex.
feeder fund operator primary since 2008
Rye Select Broad Market XL Portfolio Limited was a Cayman Islands–domiciled leveraged BLMIS feeder fund operated within the Tremont/Rye fund complex.
Sources (12)
2020-03-02 ↗ SEC EDGAR: filing — Tremont Group Holdings (2020-03-02) sec_filing Processed 📜 Receipt
2016-04-25 ↗ SEC EDGAR: filing — Tremont Group Holdings (2016-04-25) sec_filing Processed 📜 Receipt
2016-03-21 ↗ SEC EDGAR: filing — Tremont Group Holdings (2016-03-21) sec_filing Processed 📜 Receipt
2026-02-24 ↗ SEC EDGAR: filing — Tremont Group Holdings (2026-02-24) sec_filing Processed 📜 Receipt
2016-04-27 ↗ SEC EDGAR: filing — Tremont Group Holdings (2016-04-27) sec_filing Processed 📜 Receipt
2016-05-02 ↗ SEC EDGAR: filing — Tremont Group Holdings (2016-05-02) sec_filing Processed 📜 Receipt
2026-05-10 UNVERIFIED SEARCH_ERROR: Tremont Group Holdings not found in opencorporates claim_flag Processed 📜 Receipt
2026 UNVERIFIED Research: Tremont Group Holdings — Parliamentary records (no results) parliamentary_record Processed 📜 Receipt
2026 UNVERIFIED Research: Tremont Group Holdings — USASpending contracts (no results) contract Processed 📜 Receipt
2026 UNVERIFIED Research: Tremont Group Holdings — Lobbying disclosures (no results) government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: Tremont Group Holdings — Corporate registrations (no results) government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: Tremont Group Holdings — Court records (no results) court_document Processed 📜 Receipt